Nigeria is fast becoming Europe's biggest jet fuel supplier, as it continues to help ease ongoing shortages abroad. Meanwhile at home, the West African country’s own airlines are struggling to keep their tanks full.
For the past two months. Nigeria has emerged as Europe's largest supplier of jet fuel, overtaking the United States.
The 650,000 barrel-per-day (bpd) mega refinery owned by Africa's richest man, Aliko Dangote, outside Lagos has evolved into an increasingly important source of fuel for the continent following supply disruptions caused by the Iran war.
During last year's peak summer months, the majority of these supplies still originated from the Middle East.
But since the closure of the Strait of Hormuz earlier this year, Europe has been relying on imports of roughly 700,000 bpd in total to meet the present demands of the aviation industry, according to the private, global trade intelligence business Kpler.
